XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2022
Leases [Abstract] |
Leases | Leases The Company has operating leases for real estate and certain equipment. The Company leases office space in Canada, Germany, Spain, the U.K., and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year up to eight years. Certain leases include one or more options to renew. In addition, we sublease real estate to a third party. All of our leases qualify as operating leases. The following table summarizes the components of lease expense for the three and nine months ended September 30, 2022 and 2021 (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease cost | $ | 510 |  |  | $ | 735 |  |  | $ | 1,753 |  |  | $ | 2,537 |
Short-term lease cost | — |  |  | — |  |  | — |  |  | 12 |
Variable lease cost | 137 |  |  | 207 |  |  | 528 |  |  | 754 |
Sublease income | (89) |  |  | (84) |  |  | (263) |  |  | (252) |
Total lease cost | $ | 558 |  |  | $ | 858 |  |  | $ | 2,018 |  |  | $ | 3,051 |
For the nine months ended September 30, 2022 and 2021, cash payments against the operating lease liabilities total ed $2.4 million and $3.3 million, respectively. ROU assets obtained in exchange for lease obligations was $0 and $1.8 million for nine months ended September 30, 2022 and 2021, respectively. The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):
|  |  | September 30, 2022 |  | December 31, 2021
Assets: |  |  |  |
| Operating lease right-of-use assets |  | $ | 5,799 |  |  | $ | 7,700 |
Liabilities: |  |  |  |
| Operating lease liabilities |  | $ | 2,332 |  |  | $ | 3,180 |
| Long-term operating lease liabilities |  | 7,723 |  |  | 9,111 |
| Total operating lease liabilities |  | $ | 10,055 |  |  | $ | 12,291 |
Weighted average remaining lease term (years) |  | 6.60 |  | 6.68
Weighted average discount rate |  | 3.3 | % |  | 3.6 | %
Maturities of lease liabilities were as follows (in thousands):
Years ending December 31, |
2022 (excluding the nine months ended September 30, 2022) | $ | 687 |
2023 | 2,110 |
2024 | 1,421 |
2025 | 1,350 |
2026 | 1,350 |
Thereafter | 4,275 |
Total lease payments | 11,193 |
Less interest | (1,138) |
Present value of operating lease liabilities | $ | 10,055 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration